SOURCE: Longview Capital Partners Incorporated

November 09, 2007 12:47 ET

Longview Capital Partners Congratulates Waratah Coal on Its Latest Acquisition

VANCOUVER, BC--(Marketwire - November 9, 2007) - Longview Capital Partners Incorporated (TSX: LV) (FRANKFURT: L6V) congratulates Waratah Coal (TSX-V: WCI) on its latest acquisition of a large coal exploration licence in Queensland, Australia. Waratah has been granted a licence covering 900 square kilometres that encircle both Rio Tinto's Blair Athol thermal coal mine, currently the largest export coal mine in Australia and its Clermont thermal coal mine under development. Rio Tinto produces 10 million tonnes of low-sulphur, low-ash coal at Blair Athol each year, from a coal seam that is 29 metres thick. Waratah's licence covers substantial portions of the two coal basins that host Rio Tinto's deposits, as well as part of a third basin to the north. More information and a map can be found at www.waratahcoal.com.

Longview Capital first invested in Waratah Coal while it was still private and assisted Waratah Coal with its initial listing on the TSX-Venture Exchange in December 2006. Waratah's strategy of building dominant land positions around major mining companies' operations is now demonstrating value, with both their 2.1 billion tonne resource recently estimated for their Galilee Basin project and now this acquisition of the EPC1056 Blair Athol licence. "Waratah Coal has made enormous progress since inception," says Damien Reynolds, Chairman and CEO of Longview Capital. "Companies like Fortescue Metals have been incredibly successful focusing on projects near major mining companies, with Fortescue worth A$13.9 billion. With thermal coal prices reaching $80 a tonne and projects such as the Galilee Basin and now Blair Athol, Waratah Coal represents incredible value to investors today."

About Longview Capital Partners

Longview Capital Partners is a global resource group which selectively invests in private or undervalued assets, augment management teams with our expertise and assist in the going public process. Once public, Longview Capital Partners continues to invest and brings an awareness of each opportunity to our network of retail and institutional investors. Longview Capital Partners was recently named to both the Top 50 Fastest Growing Companies and the Top 50 Strongest Companies by the Vancouver Sun.

For more information on Longview Capital Partners Incorporated, please contact Mr. Spiro Kletas, Investor Relations, at (604) 681-5755 or visit our website at www.longviewcp.com.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For more information on Longview Capital Partners Incorporated, please
    contact:
    Mr. Spiro Kletas
    Investor Relations
    (604) 681-5755
    www.longviewcp.com